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RPA
37

Mar 26, 2020

RPA: Powering Transformation for Travel Industry

Vaibhav Sharma Travel Industry Solution Expert

The rapid changes in technologies are forcing Travel Industry to rethink the way they are providing their services. Travel companies are constantly looking to leverage newer technologies such as Robotic Process Automation (RPA) to innovate and...
RPA
41

Feb 18, 2020

Why RPA is not a tool deployment

Sachin Shukla Technology Leader

This blog underlines the importance of having a well thought out approach for implementing an RPA project.
Exacto Intelligent
53
After reading this blog, reader will be able to correlate the problems of manual claims processing and how an organization can overcome those problems through an intelligent data capture solution like EXACTO™.
Marketing Automation
144

Jan 24, 2020

Artificial Intelligence in Marketing Automation

Asish Kumar Patra Senior Technical Architect, Digital & Analytics

Automation is enhancing every business function with each passing day and marketing is no exception. For any brand, formulating a clear and effective marketing automation strategy is vital to create compelling personalized experiences for customers...
RPA
92
Change was always a prerequisite for growth, but in an era of rapid technology advancements it has become even more crucial. Today organizations are focusing on business excellence that is driven by technological innovation. Robotics process...
RPA
163
This blog tells us about some of the things that a business should keep in mind before deciding on an RPA implementation partner.
RPA
114
The article talks about adopting a Phased Approach to RPA Implementation for organizations which are embarking on an RPA journey. It gives a brief overview of HCL's 3 Lever BPM Methodology which organizations can adopt when they go for an RPA...
HPC
278
This article covers the perspective on the synergy of HPC and AI along with some prominent use cases where AI augments HPC workloads.
Growing
184

Dec 20, 2019

The Growing Case of Automation

Ajay Singh Technology Leader, RPA

The article gives an overview of HCL Exacto 's Invoice Processing Capabilities through intelligent data capture and tells us why organizations are moving towards intelligent solutions to assist and automate invoice processing.
What is Digital Infrastructure?
13,395

Apr 21, 2016

What is Digital Infrastructure?

Alan Flower Vice President & CTO - Europe

Corporate strategies are now based on digital transformation. Businesses are now focussing on customer engagement/UX, rapid innovation etc. A new class of digital infrastructure is evolving, one which better supports this digital transformation.
Exacto
440

Aug 21, 2019

HCL’s EXACTO Intelligent Automation Streamlines Bank Trade Processing

Andy Efstathiou Banking Sourcing Research Director, NelsonHall

HCL’s EXACTO Intelligent Automation Streamlines Bank Trade Processing
AI
1,820
The Utility industry is shifting from a highly traditional, regulation-driven marketplace to an advanced technology-driven environment. For Infrastructure optimization and supply-demand balance, use of the smart devices has increased exponentially...
RPA
37

Mar 26, 2020

RPA: Powering Transformation for Travel Industry

Vaibhav Sharma Travel Industry Solution Expert

The rapid changes in technologies are forcing Travel Industry to rethink the way they are providing their services. Travel companies are constantly looking to leverage newer technologies such as Robotic Process Automation (RPA) to innovate and...
HPC
278
This article covers the perspective on the synergy of HPC and AI along with some prominent use cases where AI augments HPC workloads.
Machine
2,061

Aug 25, 2017

Machine Learning

Avinash Gaur Technical Lead

This blog delves deep about the different algorithms available in the machine learning space and the ways to choose the best algorithm based on your requirements.
Artificial Intelligence
555
We humans are governed by our free will to choose and make decisions. But, in the world of technology and data brokers, those who can predict and drive one to make decisions, are influencing free will.
NLP and the future of enlightened businesses
3,592

Aug 12, 2016

NLP and the future of enlightened businesses

Kalyan Kumar B CVP & CTO, HCL Technologies

NLP, a key AI module, automates query-service processes by ‘learning’, reducing wait-time and costs with preventive insights from negative instances. HCL’s AI solution, DryICE was felicitated in the NLP category at the AI Summit, 2016.
How Technology is changing the Face of the BPO Industry
2,902
Business process outsourcing has traditionally been viewed by the corporate sector as a means for businesses to cut down costs and improve profitability. In recent years, there has been a remarkable transformation in BPO powered by technology.

Automation – A Requirement or Necessity?
Rabia Sharma | March 18, 2016
708 Views

Automation

In today’s world, where things keep on changing on daily basis and we sometimes find it hard to adjust with the changing needs and scenarios, automation does play an important role for continuous delivery. QA being the gatekeepers, are not only limited to perform manual testing but also play an important role in designing frameworks and implementing test scenarios programmatically.


5 FinTech trends to watch in 2016
Santosh Kumar - Senior sales director & Head – Fintech Innovation | February 29, 2016
1756 Views

Financial Services are at the cusp of digital disruption. We might not be witnessing a 'revolution', but all the emerging trends and technologies are certainly proving that we are in the midst of an ‘evolution’.

Most of the large global banks are born pre-digital and are facing the challenge of legacy infrastructure, software, and culture. On the other hand, the new challenger banks are born-digital and carry no baggage of legacy. They are creating products and services that are relevant to the digital age customer’s needs.

Most of the large global banks are planning to either start their new digital banks or buy stakes in some of the challenger banks just as BBVA did recently by taking ~30% stakes in Atom bank. At the least, we will witness many pre-digital born banks investing in and embracing digital trends and technologies in 2016.

Here are 5 FinTech trends to watch out for in 2016:​

  • Blockchain - Distributed Ledger:

    Financial services organizations are racing to harness the power of the Bitcoin infrastructure to slash costs. The basic technology underpinning the Bitcoin virtual currency could be used by some of the world's biggest banks. These banks want to use the Blockchain method because it is hard to fool - making fraud difficult, speed up trading systems and make deals more transparent. Many banks such as UBS are already trying out Blockchain technology for different use cases.

    Blockchain is the software that both powers and regulates cryptocurrency Bitcoin. In its most basic form, it records ownership of Bitcoin — money — and transactions — one person paying another. The software uses a distributed ledger to police the network, which means a certain proportion of the vast network must sign-off on a transaction before it can be processed. This replaces the need for a ‘trusted middleman’ in a transaction.

    The project to test Blockchain-like technology is being led by financial technology firm R3 which has so far signed 30 banks. R3 has done a good job bringing all the rival banks together. We are witnessing a great interest across financial services on trying out this disruptive technology and will continue to see investment in 2016 to try out specific use cases that can give banks a competitive advantage.

  • Biometrics:

    2015 was the year that banks began to experiment seriously with biometrics: US financial provider USAA already offers three different biometric login options for its mobile customers (Touch ID, Facial recognition, and Voice recognition). Biometrics has been the ‘Next Big Thing’ in authentication for a long time now, but many things that have held it back have not gone away. There is often the need for costly additional equipment, and processes that require verification by a back office platform which makes it slow. Wells Fargo is testing voice recognition and eye scanning, joining an increasing number of banks and other financial services companies using biometrics technology to authenticate customers using their mobile applications. Nearly one-third of the largest US banks plan to make biometrics available to mobile banking customers by the end of this year.

  • Artificial Intelligence (AI):

    Robots have begun their invasion of banking. Robots and Artificial Intelligence (AI) in banking have the potential to reduce costs, expand skills, and improve the customer experience while working alongside or replacing humans. According to an article, Barclays believes that AI is the future of banking, and one bank in Tokyo is already staffed by a helpful robot. We have already seen rudimentary examples where users can talk to a computer system to make money transfers or access information. 

    Robo-advisors, or fully-automated online investment platforms, are also disrupting the financial advisory services. FinTech startups such as Betterment and Wealthfront have managed to pull early investors with their robo-advising platforms offering the perks of low fees and a reduced entry barrier when it comes to minimums. Many large banks including Deutsche Bank have launched their robo-advisor services. Automated financial advisors and planners that assist users in making financial decisions is a very strong use case. 

    We are certain to see an increased investment into AI in 2016 across financial services.

  • The API Economy:

    APIs are yet another vital trend driving disruption, and fueling FinTech startups and open banking data initiatives worldwide. Some of the new banks such as Fidor bank are already reaping the benefits of open APIs. With new rules such as European Payment Service Directive (PSD2) coming into existence, banks will have to implement APIs that can provide access to payment account information to third parties – including their competitor banks – following the customer’s explicit consent.

    Consumers now have the power to engage and perform transactions wherever they are, through a device of their choice. To engage customers across all digital media, banks need to be able to provide contextual and personalized product offerings and drive immediate conversion through embedded offerings. With the advent of APIs, banks can easily expose their product catalogs, payment wallets, and other services to digital customers.

    APIs are an important component in the digital architecture and banks are investing in building modern applications that can service their customer on a platform of their choice at any point in time. We will continue to see increased investment in 2016 on building APIs and helping banks serve their digital customers better.

  • Cloud Computing:

    Cloud has become one of the mainstream strategy topics for most large global banks. The debate is not if, but, how will they eventually embrace cloud – if not public cloud, then private cloud or hybrid cloud – and which version to select for which function.

    Banks will continue adopting Cloud services for their business applications, while carefully keeping sensitive data housed at private data centers. According to CIO.com, Deutsche Bank plans to have 80% of its systems based in the cloud by 2020. Today, cloud has matured and covers a panacea of Software-as-a-Service, Infrastructure-as-a-Service, Platform-as-a-Service, and more. It is certain that if not public, private, and hybrid clouds will play a vital role in the banks’ digital future.

    Join us at Netherland India Business Meet 2016 to hear Santosh kumar speak on ‘The changing face of Financial Services’


Automating Test-script Generation
Padmajaya Bhagavathiammal - Deputy General Manager | November 17, 2015
2953 Views

Introduction


Why is Automation at the heart of 21st Century Enterprise?
Kalyan Kumar B - CVP & CTO, HCL Technologies | September 18, 2015
1568 Views

Last week, the CEO of HCL Technologies, Anant Gupta talked about the emerging contours of the 21st Century Enterprise (21CE) on his LinkedIN Influencer Blog platform. I’ve been fortunate to have had several discussions with him on this subject.


What does a 21st Century Enterprise Look Like?
Anant Gupta - Former President & CEO | September 1, 2015
3372 Views

A friend of mine was very worried the other day. His son, based in Toronto, had just informed him that he was transferring his savings from one of Canada’s largest and most established banks to one that had virtually no physical presence. No typical neighborhood branch to walk into, no tellers to interact with over the counter. All transactions would be carried out over the Internet, mobile app or via telephone. He asked if he should stop his son from switching banks as such a “virtual” institution did not inspire his confidence.


Disruptive Innovation
Sushil Kumar - Team Leader - Operations | February 24, 2015
423 Views

A disruptive innovation can help create a new market and value network, or disrupt an existing market and value network by displacing an earlier technology. The term is used to describe innovations that improve a product or service in ways that the market does not expect; typically first by designing for a different set of consumers in a new market, and later, by lowering prices in the existing market.


RPA: Powering Transformation for Travel Industry
Vaibhav Sharma - Travel Industry Solution Expert | March 26, 2020
37 Views

The rapid changes in technologies are forcing Travel Industry to rethink the way they are providing their services. Travel companies are constantly looking to leverage newer technologies such as Robotic Process Automation (RPA) to innovate and deliver more modern classes of services while improving the efficiency of existing services to sustain and grow their business.

Why RPA is not a tool deployment
Sachin Shukla - Technology Leader – Integrated Transformation Business | February 18, 2020
41 Views

This blog underlines the importance of having a well thought out approach for implementing an RPA project.


Efficient Claims Processing with Exacto Intelligent Data Capture
Ajay Singh - Technology Leader, RPA | February 5, 2020
53 Views

After reading this blog, reader will be able to correlate the problems of manual claims processing and how an organization can overcome those problems through an intelligent data capture solution like EXACTO™.

Artificial Intelligence in Marketing Automation
Asish Kumar Patra - Senior Technical Architect, Digital & Analytics | January 24, 2020
144 Views

Automation is enhancing every business function with each passing day and marketing is no exception. For any brand, formulating a clear and effective marketing automation strategy is vital to create compelling personalized experiences for customers. Leveraging AI goes a long way to harnessing the massive data volumes across a number of touch points such as social media and smart devices. This, in turn, leads to enhanced customer experiences. Through Adobe Campaign, the software giant has introduced three key AI-powered capabilities in its marketing cloud platform to deliver the right experiences to the right people at the right time. Find out more about these features and how they can elevate your marketing to the next level here.